Overview
Foods

St.Cousair CO.,LTD.

St.Cousair operates a vertically integrated specialty food retail and manufacturing business (food SPA model) across six distinct brands, including 'Kuzefuku Shoten' (Japanese pantry goods) and 'Saint Cousair' (Western condiments, wine, and jams), with 175 stores across Japan (52 directly managed, 123 franchise) as of March 2025. Approximately 90% of products are originally developed in-house, spanning condiments, dashi, miso, pasta sauces, jams, and wines, sold through own stores, EC platforms, wholesale channels, and an online marketplace ('Tabi suru Kuzefuku e-Shoten') connecting local producers to consumers. The company also operates a growing global business centered on the U.S. market through its subsidiary St. Cousair, Inc., which manages the 'KUZE FUKU & SONS,' 'Portlandia Foods,' and 'Bonnie's Jams' brands.

Market Cap
¥15.8B
US$101M
EV
¥16.0B
US$102M
Stock¥1,700▼-0.06%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
14.2
x
LTM EV/EBIT
22.1
x
LTM PER
25.2
x
LTM PBR
3.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-24.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
15.8BUS$101MMarket Cap2.27BUS$14.5M+ Debt2.03BUS$13.0M− Cash0.04BUS$0.23M− Inv. Sec.0.00BUS$0.02M+ NCI16.0BUS$102MEV
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Performance & Balance
Revenue 5Y (¥B)
17.9US$114M'23/319.2US$122M'24/319.5US$124M'25/320.6US$131M'26/3
EBITDA 5Y (¥B)
1.84US$11.8M'23/31.56US$9.97M'24/31.14US$7.29M'25/31.17US$7.43M'26/3
Net Income 5Y (¥B)
1.06US$6.75M'23/30.82US$5.22M'24/30.35US$2.23M'25/30.62US$3.94M'26/3
Capital Structure
68%
32%
EquityD/E 0.46xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.49US$22.3M1.79US$11.4M'23/32.79US$17.8M1.64US$10.5M'24/31.99US$12.7M1.75US$11.2M'25/32.35US$15.0M1.74US$11.1M'26/3
Shareholders
Top 10 hold 62.3%
1
Joseph's Arrows Trust Co., Ltd.
14.40%
2
Ryozo KUZE
12.98%
3
Ryota KUZE
9.13%
4
ABRAHAM'S WAY FOUNDATION, LLC (Standing Proxy: SMBC Nikko Securities Inc.)
9.02%
5
Mayumi KUZE
5.58%
6
KUZE FAMILY OFFICE,LLC (Standing Proxy: SMBC Nikko Securities Inc.)
3.97%
7
KUZE GLOBAL FAMILY OFFICE, LLC (Standing Proxy: SMBC Nikko Securities Inc.)
3.97%
8
St.Cousair CO.,LTD. Stock Ownership Association
2.58%
9
The Master Trust Bank of Japan, Ltd. (Trust Account)
0.38%
10
Takeyuki TANNO
0.32%
Management
9 officers
Ryozo KUZE
Director, Chairman of the Board
Apr 1972 Joined Daiei, Inc. Apr 1973 Joined Kuze Co., Ltd. Dec 1975 Opened Pension KUZE Jun 1982 Established Madarao Kogen Farm Co., Ltd. (current company); Representative Director, President Oct 2005 Changed name to Sunclesse Co., Ltd.; Representative Director, President Mar 2017 Director, St. Cousair Oregon Orchards, Inc. (now St. Cousair, Inc.) Jun 2018 Representative Director, Chairman of the Company Jun 2018 Non-Executive Director, St. Cousair Oregon Orchards, Inc. (now St. Cousair, Inc.) (current) Jun 2023 Director, Chairman of the Company (current) Dec 2023 Trustee, Sunclesse Foundation (general incorporated foundation, now public interest incorporated foundation) (current) Sep 2025 Non-Executive Director, St. Cousair Korea Co., Ltd. (current)
1950-02-18
Ryota KUZE
Representative Director, President
Apr 2002 Joined Seiko Epson Corporation Apr 2005 Joined Madarao Kogen Farm Co., Ltd. (current company) Apr 2006 General Manager, Management Support Department, Sunclesse Co., Ltd. Jul 2006 General Manager, Management Support Department and Head, Corporate Planning Office, Sunclesse Co., Ltd. Aug 2008 Director, General Manager, Management Support Headquarters, Sunclesse Co., Ltd. Aug 2011 Senior Managing Director, Sunclesse Co., Ltd. Jun 2012 Representative Managing Director, Sunclesse Co., Ltd. Jun 2013 Representative Director, Madarao Kogen Farm Co., Ltd. (former limited company) May 2017 Established Madarao Kogen Farm Co., Ltd.; Representative Director, President (current) Jun 2017 Director, St. Cousair Oregon Orchards, Inc. (now St. Cousair, Inc.) Jun 2018 Representative Director, President, Sunclesse Co., Ltd. Jun 2018 Non-Executive Director, St. Cousair Oregon Orchards, Inc. (now St. Cousair, Inc.) (current) Jul 2025 Representative Director, President, Sunclesse Co., Ltd.; General Manager, Kuze Fukushoten Business Headquarters (current) Sep 2025 Director and President, Chosando Co., Ltd. (current)
1977-03-15
Naoki KUZE
Representative Director, Vice President
Feb 2004 Joined Madarao Kogen Farm Co., Ltd. (current company) Apr 2006 General Manager, Sanctuary Business Division, Sunclesse Co., Ltd. Aug 2008 Director, Sunclesse Co., Ltd. Jan 2010 General Manager, Sheng Jiu Shi Trading Co., Ltd. Aug 2011 Managing Director, General Manager, Sales Headquarters, Sunclesse Co., Ltd. Apr 2017 Managing Director, Sunclesse Co., Ltd. Apr 2017 Representative Director, President, St. Cousair Oregon Orchards, Inc. (now St. Cousair, Inc.) (current) Jun 2018 Director, Vice President, Sunclesse Co., Ltd. Jan 2021 Director, Vice President, General Manager, Global Business Headquarters and Head, Global Business Unit, Sunclesse Co., Ltd. May 2022 Board of Trustees, Portland Japanese Garden (current) Jun 2023 Representative Director, Vice President, General Manager, Global Business Headquarters and Head, Global Business Unit, Sunclesse Co., Ltd. Jul 2025 Representative Director, Vice President, General Manager, Global Business Headquarters, Sunclesse Co., Ltd. May 2026 Representative Director, Vice President, General Manager, Global Market Business Headquarters, Sunclesse Co., Ltd. (current)
1978-12-31
Hideaki IMAMURA
Outside Director
Apr 1979 Joined Mitsubishi Corporation Sep 1991 Joined Boston Consulting Group Jul 1998 Office Head, Shanghai Office, China subsidiary of Boston Consulting Group Jan 2005 Representative Director, Japan subsidiary of Boston Consulting Group May 2005 Senior Partner and Managing Director, Head Office, Boston Consulting Group Apr 2010 Professor, Institute of Academic Research, Shinshu University Apr 2010 Visiting Professor, Waseda University Graduate School of Business (later Graduate School of Business and Management) Apr 2010 Trustee, Save the Children Japan (public interest incorporated association) Oct 2016 Outside Director, Sunclesse Co., Ltd. (current) Aug 2019 Specially Appointed Visiting Professor, Shizen Graduate School of Business and Management Apr 2021 Specially Appointed Professor, Faculty of Economics and Law, Shinshu University Apr 2021 Specially Appointed Professor, Niigata Sangyo University (online university, managara®) (current) Apr 2021 Auditor, Save the Children Japan (public interest incorporated association) (current) Oct 2023 Outside Director, Ccobi Co., Ltd. (current) Dec 2023 Trustee, Sunclesse Foundation (general incorporated foundation, now public interest incorporated foundation) (current)
1955-10-13
Yoshihiro YAMAMOTO
Outside Director
Apr 1971 Joined Suntory Limited (now Suntory Holdings Limited) Apr 1985 Vice President, Suntory International Inc. Jul 1989 General Manager, Planning Department, Food Business Division, Suntory Limited Apr 1994 General Manager, Planning Department, Wine Business Division, Suntory Limited May 1996 Senior Executive Vice President, Nippon Coca-Cola Co., Ltd. Jun 1999 Representative Director, President, Heinz Japan Ltd. Jun 2017 Outside Director, Sunclesse Co., Ltd. (current) Jun 2018 Non-Executive Director, St. Cousair Oregon Orchards, Inc. (now St. Cousair, Inc.) (current)
1949-03-04
Minako YAMAOKA
Outside Director
Apr 1982 Joined AOKI International, Inc. (now AOKI Holdings Inc.) Apr 1995 Joined FANCL Corporation Jun 2008 Director, Executive Officer, Cosmetics Company President, FANCL Corporation Jun 2010 Director, Executive Officer, General Manager, Business Development Division, FANCL Corporation Mar 2013 Director, Senior Managing Executive Officer, and Cosmetics Company President, FANCL Corporation Apr 2014 Director, Senior Managing Executive Officer, and President, FANCL Cosmetics Co., Ltd., FANCL Corporation May 2020 Director, Anzu Corporation Mar 2021 Outside Director, Nikka Chemical Industry Co., Ltd. (current) Jun 2021 Outside Director, Audit and Supervisory Committee Member, Kondotec Inc. (current) Jun 2023 Outside Director, Sunclesse Co., Ltd. (current)
1959-04-07
Takashi SAKURAI
Full-time Director, Audit and Supervisory Committee Member
Apr 1993 Joined Fujitsu Nagano Systems Engineering Ltd. (now Fujitsu Limited) Apr 2001 Joined Madarao Kogen Farm Co., Ltd. (current company) May 2017 General Manager, Corporate Planning Office, Sunclesse Co., Ltd. Jul 2018 General Manager, Internal Audit Office, Sunclesse Co., Ltd. Feb 2019 General Manager, SCM Department, Sunclesse Co., Ltd. Jan 2021 Head, Winery Business Unit, Sunclesse Co., Ltd. Jun 2021 Director, Madarao Kogen Farm Co., Ltd. Sep 2023 Deputy Unit Head, Sunclesse Business Unit, Sunclesse Co., Ltd. Apr 2024 General Manager, Internal Audit Office, Sunclesse Co., Ltd. Jun 2025 Full-time Director, Audit and Supervisory Committee Member, Sunclesse Co., Ltd. (current) Jun 2025 Auditor, Madarao Kogen Farm Co., Ltd. (current)
1969-07-02
Masashi AKUTSU
Director, Audit and Supervisory Committee Member
Dec 2000 Completed 53rd Legal Training and Research Institute course; registered as attorney-at-law Dec 2000 Joined Noda Sogo Law Office Sep 2008 Established Akutsu Sogo Law Office; Head of Office (current) Aug 2010 Auditor, Toshin Group Co., Ltd. Jul 2015 Auditor, Japan Traditional Crafts Promotion Association (general incorporated foundation) (current) Jun 2017 Outside Auditor, Sunclesse Co., Ltd. Jun 2021 Outside Director, Audit and Supervisory Committee Member, Sunclesse Co., Ltd. (current) Jun 2023 Outside Director, Tsukamoto Corporation Co., Ltd. (current)
1970-08-17
Masanori SUGITA
Director, Audit and Supervisory Committee Member
Oct 1995 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Apr 1999 Registered as Certified Public Accountant Jun 2007 Partner, Deloitte Touche Tohmatsu LLC Oct 2020 Established Kanade Audit Corporation; Director (current) Jun 2021 Outside Director, Audit and Supervisory Committee Member, Sunclesse Co., Ltd. (current) Jun 2025 Director, Nagano Prefecture Labor Bank (current)
1971-05-02
Large Shareholding Reports
Sankuzeru Foundation
2026-08-10
6.45%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-10
Large Shareholding Report
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-03
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-14
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
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